Home BEST INSURANCE Allstate pays CEO $15 million amid tough 12 months

Allstate pays CEO $15 million amid tough 12 months

by Life Insurance
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Allstate pays CEO $15 million amid difficult year

Allstate CEO Tom Wilson collected $15 million in complete compensation in 2022, down from $19.1 million in 2021.

Citing the corporate’s proxy assertion filed with the SEC, Crain’s Chicago Enterprise reported that the lower in compensation was largely because of the annual money bonus paid for a single 12 months’s working efficiency, which got here in at 58% of Wilson’s goal bonus.

Since that focus on is 3 times his wage, which sat at practically $1.4 million final 12 months, the bonus amounted to $2.4 million.

Moreover, Wilson’s inventory and choices awards have been at $11.2 million, growing 6% from $10.6 million in 2021 and remaining on the board’s goal degree of 775% of wage.

“Mr. Wilson’s goal fairness incentive award alternative of 775% of wage on account of progress made towards Transformative Progress targets,” the submitting acknowledged.

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